June 2014 On June 12, 2014, the United States Supreme Court ruled that an IRA inherited by an individual (other than a spouse) is subject to a debtor’s creditors in a bankruptcy proceeding. Clark v. Rameker, 573 U.S. 7th Circuit (2014). In order to allow a debtor a fresh start, the bankruptcy code allows the debtor… Read more »

September 2014 Estate planning is a process—not an event—often wrought with common and routine mistakes, the most common of which include the following: no planning at all; failure to coordinate insurance/retirement assets with an estate plan; adding individuals to bank accounts; transferring family home in joint tenancy with an adult child; and no planning for… Read more »